The euphoria that followed the bitcoin price’s climb to a new 2019 high above $11,000 couldn’t last forever, and it wasn’t long before some low-volume drama broke out over the weekend on Crypto Twitter.
Seemingly apropos of nothing, Dan Held (@danhedl), a pal of Anthony Pampliano and legend of Bitcoin Twitter, reminded everyone that Ethereum mastermind Vitalik Buterin had once tried to raise money to build a quantum computer for Bitcoin mining.
Vitalik Buterin’s Quantum Bitcoin Mining Ambitions
Buterin retorted that he was not trying to raise funds for a personal project. He also said:
“I recommend you re-evaluate your model of me; the process may even convince you ethereum is interesting and worth your time to explore and participate in!”
Held’s assertion was based on the following statement from 2016 by former Blockstream employee and Bitcoin Core developer Gregory Maxwell:
“Vitalik’s project immediately before Ethereum is that he was collecting investments from people to fund building a computer program to solve NP-complete problems in polynomial time, supposedly by simulating a quantum computer. (Never mind that even real QC aren’t conjectured to be able to do that, nor does ‘simulation’ make any sense; unless BPP == BQP thats not even possible, and virtually all experts agree the complexity classes are probably not equivalent). He built up a reputation for himself writing tech explainers of other people’s ideas usually without any attribution (until someone complains), making him look like the author. Beyond ripping off other’s ideas, Vitalik has had virtually no interaction with Bitcoin developers, having never contributed to Bitcoin development.”
Before long, here comes Blockstream CEO Adam Back, arguably one of the foremost intellectual authorities on secure computing and cryptography,